Aphria, Canopy Growth and Aurora Cannabis have raised millions to prepare for rapid growth.
CanniMed Therapeutics raises $60 million.
Recreational weed market in Canada is worth $22 billion annually.
Several Canadian marijuana companies have raised substantial amounts of cash in order to prepare for tremendous growth. Millions of dollars in capital will allow these companies to expand production and make acquisitions from the ever expanding world of marijuana products and services.
These cannabis companies are raising capital through debt and equity financing, private placements and public issues of stock.